United Security Savings Bank, F.S.B. in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 23, 2009

United Security Savings Bank, F.S.B. in Cedar Rapids, Iowa (IA)
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United Security Savings Bank, F.S.B. - Overview

General
FDIC Certificate #: 32624
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Ohnward Bank & Trust (#10111)
Federal Reserve ID: 1226197
Date Established: November 18, 1988
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8541
FDIC's unique #: 45458
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: November 18, 1988
Last Structure Change Effective Date: October 23, 2009
Last Structure Change Process Date: November 13, 2009
Last Data Update: November 13, 2009
Data Source Date: April 05, 2012
Location
Address: 1211 Edgewood Road, Southwest, Cedar Rapids, IA 52404
County: Linn
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
Financial Summary
Total assets: $48.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2008)

Dollar figures in thousands
16Total employees (full-time equivalent)
$43,468Total assets
$2,364Cash and due from depository institutions
$1,000Interest-bearing balances
$2,989Securities
$0Federal funds sold & reverse repurchase agreements
$35,977Net loans & leases
$663Loan loss allowance
$0Trading account assets
$568Bank premises and fixed assets
$35Other real estate owned
$1,123Goodwill and other intangibles
$0Life insurance assets
$412All other assets
$43,468Total liabilities and capital
$39,162Total liabilities
$38,832Total deposits
$33,842Interest-bearing deposits
$38,832Deposits held in domestic offices
0.00%% insured (estimated)
$250Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$80All other liabilities
$4,306Total equity capital
$4,306Total bank equity capital
$4,306Perpetual preferred stock
$0Common stock
$3,500Surplus
$0Undivided profits
Memoranda
$806Noncurrent loans and leases
$5,298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$614Earning assets
$0Long-term assets (5+ years)
$211Average Assets, year-to-date
$39,966Average Assets, quarterly
$0Volatile liabilities
$43,477Insider loans
$44,016FHLB advances
$4,559Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,298Total unused commitments
$0Restructured Loans and leases
$391Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$2,667Total interest income
$1,398Total interest expense
$1,269Net interest income
$0Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$120Additional noninterest income
$1,432Total noninterest expense
$860Salaries and employee benefits
$290Premises and equipment expense
$282Additional noninterest expense
-$43Pre-tax net operating income
$57Securities gains (losses)
$6Applicable income taxes
$8Income before extraordinary items
$0Extraordinary gains - net
$8Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$88Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.87%Yield on earning assets
3.60%Cost of funding earning assets
3.27%Net interest margin
0.31%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
-0.07%Net operating income to assets
0.02%Return on assets (ROA)
0.03%Pretax return on assets
0.19%Return on equity (ROE)
0.19%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-0.49%Efficiency ratio
101,368Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
107.98%Noncurrent assets plus other real estate owned to assets
1.49%Noncurrent loans to loans
1.68%Net loans and leases to deposits
92.65%Net loans and leases to core deposits
104.21%Equity capital to assets
9.91%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
9.98%Total risk-based capital ratio
Memoranda
$11Average assets
$43,477Average earning assets
$4,268Average equity
$38,825Average loans

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